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Today’s report brings the Bank of Canada almost exactly in-line with our own expectations for annual Canadian economic growth in both 2011 and 2012. Moreover, the economic assessment suggests that it is only a matter of time before the Bank resumes raising interest rates. Given the prospects for the output Read More Bank of Canada [...]

The upgrade to Canada’s growth forecast in 2011 to 2.9% from 2.4% reflects the lift from the stronger than expected the fourth quarter of 2010 growth plus a sharp upward revision to the second quarter of 2011′s GDP growth forecast to 4.2% from 2.5%. For the rest of 2011, the Read More Bank of Canadas [...]

Today’s Beige Book (BB) signaled that economic activity continued to improve across a broad set of sectors in all 12 US Federal Reserve Districts during the last two weeks of February and through the end of March. All Districts reported strengthening manufacturing activity. Many firms anticipate the Japanese tragedy will impact Read More The Beige [...]

The Fed’s Summary of Commentary on Current Economic Conditions, the so called ‘Beige Book,’ compiled using data collected on or before April 4, 2011 in preparation for the April 27, 2011 Federal Open Market Committee (FOMC) meeting, characterized U.S. economic activity as having "continued to improve" during the reporting period, Read More US Highlights from [...]

The U.S. dollar was firmer as retail sales rose and following the release of the Fed’s Beige Book. March U.S. retail sales disappointed on the headline as the market was expecting +0.5% and saw a print of +0.4% (prior +1.1%), however core readings surprised to the upside. Retail sales less Read More Dollar Firmer Following [...]

The Canadian dollar fell today before the meeting of the Bank of Canada policy makers as the central bank is expected to keep the interest rates unchanged and after commodities retreated.(…)Read the rest of Canadian Dollar Weakens Before BOC Meeting (141 words) Posted on Forex News. Read More Canadian Dollar Weakens Before BOC Meeting

The Swiss franc strengthened today, rising for the fifth straight day against the US currency, after Japan was hit by another earthquake and on the speculation that the damage nuclear plant will release more radiation that Chernobyl power plant.(…)Read the rest of Swiss Franc Gains on Japan’s Woes (67 words) Posted on Forex News. Read More Swiss Franc Gains on Japans Woes

The US dollar slipped today versus the euro and the yen after the report showed that the US traded balance deficit shrank less than was predicted by analysts. Forecasts were also too optimistic about the federal budget as today’s report showed.(…)Read the rest of US Dollar Weakens as Trade Deficit Remains Above Forecasts (102 words) Posted on Forex News. Read More US Dollar Weakens [...]

The Canadian dollar slid after Canada’s central bank left its key interest rate unchanged and on concerns that strong currency may harm the nation’s economic growth. Currently the currency rose a little and moves sideway versus the euro and the US dollar.(…)Read the rest of Loonie Falls as BOC Keeps Main Rate Unchanged (135 words) Posted on Forex News. Read More Loonie Falls as BOC [...]